Russia Agreed to Restructure Bailout Loan to Cyprus, Putin Says
This article is for subscribers only.
Russia agreed to restructure a 2.5 billion-euro ($3.3 billion) loan granted to Cyprus in 2011, bowing to a request by the European Commission, President Vladimir Putin said.
“We are making our own contribution” to help the island, Putin told reporters today at a joint briefing in Hanover with German Chancellor Angela Merkel. “At the request of the European Commission, we decided to restructure this debt.”